M.A. (Semester III) (CBCS) Examination Mar/Apr-2018
Economics (Paper IV)
PUBLIC ECONOMICS
Time: 2½ Hours
Max. Marks: 70
Instructions: All questions are compulsory. Figures to the right indicate full marks.
Q.1
Choose the correct answer:
14
In mixed economy industries may be
Completely state owned
Jointly owned
Private owned
All of these
is an example of the Public good.
National defense
Subsidies
Bonus
All of these
Mixed economy is a combination of economy.
Capitalist and Socialist
Socialist and Public
Private and Capitalist
and
Competitiveness is a feature of goods.
Private
Public
Social
Merit
The concept of Informational Asymmetry is given by
Akerloff
Spenze
Stieglitz
All of these
In allocation of resources decision of is having more importance.
Quantity of production
Production
Labour
All of these
Problem of allocation of resources arises due to of resources.
Availability
Scarcity
Productivity
None of these
Economic Theory of democracy is given by
Athony Dawns
Lindhal
Wagner
Peacock-Wisemen
Club goods are goods.
Private
Public
and
None of these
10) To removing regional imbalance is the important solution.
Resource transfer
Money supply
Capital
None of these
11) Modern theory of Incidence of tax is given by
Pigoue
Sammuelson
Johanson
Dalton
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12) Growth in expenditure in India increased highly after independence.
Non plan
Plan
Extra
All of these
13) To keep economic growth stable with price levels policy is important.
Stabilization
Monetary
Fiscal
None of these
14) The relationship between rate of tax tax revenue is given by
Wagner
Philip
Marshal
Laffer
Q.2
Write a short answer. (Any seven)
14
What are Private goods?
What are Club goods?
What is stabilization policy?
What is regional imbalance?
Who introduced pure theory of public expenditure?
What is Burden of Tax?
What is incidence of tax?
What is public Expenditure?
What is Poverty?
What is functional finance?
Q.3
Write short notes. (Any Two)
14
Externalities of public goods
Social balance in allocation of resources
Classical view on public expenditure
Laffer curve
Q.4
Write answer of the any one of the following:
14
Discuss on the role of government in mixed economy.
OR
Discuss on stabilization policy as a Keynesian case.
Q.5
State the causes of growth in public expenditure.
14